Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Elisabeth Torstad was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 02
Aker Solutions ASA Provides Earnings Guidance for the Year 2026 Aker Solutions ASA provided earnings guidance for the year 2026. For the year, the company expects revenue to be around NOK 50 billion. Announcement • Nov 25
Aker Solutions ASA, Annual General Meeting, Apr 16, 2026 Aker Solutions ASA, Annual General Meeting, Apr 16, 2026. Announcement • Oct 31
Aker Solutions Provides Earnings Guidance for 2025 and 2026 Aker Solutions provided earnings guidance for 2025 and 2026. For 2025, the company expects revenues to exceed NOK 60 billion.
At this early stage, Aker Solutions expects 2026 revenues to be around NOK 45 billion. Announcement • Aug 16
Aker Solutions Asa Announces Executive Changes Aker Solutions ASA has been informed that employee representative Stian Pettersen Sagvold will resign from the board of the company effective September 1, 2025. The resignation is triggered by Sagvold's recent election to the management of Fellesforbundet, part of the Norwegian Confederation of Trade Unions (LO).Deputy board member Sigurd Mosheim Sævareid will replace Sagvold. The deputy position will not be replaced until the next ordinary election for employee representatives. Announcement • Jul 11
Aker Solutions ASA Announces Earnings Guidance for the Full Year 2025 Aker Solutions ASA announced earnings guidance for the full year 2025. For the year, the company expects revenues to exceed NOK 55 billion. Announcement • May 02
Aker Solutions Asa Provides Earnings Guidance for the Year 2025 Aker Solutions ASA provided earnings guidance for the year 2025. For the year, the company expects revenue in 2025 is now expected to exceed NOK 55 billion. Announcement • Apr 28
Aker Solutions ASA Approves Dividend, Payable on May 8, 2025 The annual general meeting of Aker Solutions ASA was held on April 28, 2025 as a digital meeting with online participation. The general meeting approved distribution of a dividend of NOK 3.30 per share. The dividend is payable to shareholders holding shares in the company as of April 28, 2025. The shares will be traded ex-dividend on Euronext Oslo Stock Exchange from and including April 29, 2025. The dividend will be paid on May 8, 2025. Announcement • Mar 31
Aker Solutions ASA Proposes Cash Dividend, Payable on 8 May 2025 Aker Solutions ASA presents key information related to the proposed cash dividend to be paid by the company. Total dividend amount: NOK 1,624,151,394; Dividend amount per share: NOK 3.30 per share. Ex-date: 29 April 2025 with Record date: 30 April 2025. Payment date: 8 May 2025. The proposed distribution of the cash dividend is subject to approval by the Annual General Meeting of Aker Solutions ASA to be held on 28 April 2025. Announcement • Feb 13
Aker Solutions ASA Proposes Dividend for the Fiscal Year 2024, Payable in 2025 Based on Aker Solutions ASA’ financial position and positive outlook, the Board of Directors will propose a dividend of NOK 3.30 per share for the fiscal year 2024, to be paid in 2025, pending approval in the Annual General Meeting on April 28, 2025. The dividend payment represents approximately 50% of net income excl. special items, in line with the ordinary dividend policy. Announcement • Feb 12
Aker Solutions ASA Provides Earnings Guidance for the Year 2025 Aker Solutions ASA provided earnings guidance for the year 2025. Based on the secured order backlog and ongoing projects, the company expects full-year revenue in 2025 to be between NOK 50 billion and NOK 55 billion. Announcement • Dec 09
Aker Solutions ASA, Annual General Meeting, Apr 28, 2025 Aker Solutions ASA, Annual General Meeting, Apr 28, 2025. Announcement • Nov 22
Aker Solutions ASA Approves Dividend, Payable on December 2, 2024 Aker Solutions ASA announced that at its EGM held on November 22, 2024, the shareholders approved distribution of a dividend of NOK 21.00 per share. The dividend is payable to shareholders holding shares in the company as of November 22, 2024. The shares will be traded ex-dividend on the Euronext Oslo Stock Exchange from and including November 25, 2024. The dividend will be paid on December 2, 2024. Announcement • Nov 01
Aker Solutions ASA Proposes extraordinary Cash Dividend, Payable on 2 December 2024 The Board of Directors of Aker Solutions ASA has proposed to pay out an extraordinary cash dividend of NOK 21.00 per share, pending approval in an Extraordinary General Meeting (EGM) to be held on November 22, 2024. Total dividend amount (excluding own shares): NOK 10 billion; Last day including right: 22 November 2024; Ex-date: 25 November 2024; Record date: 26 November 2024; Payment date: 2 December 2024. Announcement • Jul 12
Aker Solutions Provides Revenue Guidance for the Full Year of 2024 Aker Solutions provided revenue guidance for the full year of 2024. The company now expects revenues in 2024 to grow to a level of around NOK 50 billion, representing a year-on-year growth of around 40% compared to 2023. Announcement • Apr 26
Aker Solutions ASA Provides Revenue Guidance for the Full Year 2024 Aker Solutions ASA provided revenue guidance for the full year 2024. For the period, the company expects revenue to increase about 30% compared to 2023. Announcement • Apr 16
Aker Solutions Appoints Guro Rausand as Executive Vice President of Safeguarding Aker Solutions announced Guro Rausand as executive vice president of Safeguarding. Guro Rausand will join Aker Solutions from @OneSubsea where she currently heads up major projects. Before joining OneSubsea in October 2023, Guro spent 15 years with Aker Solutions. As EVP of safeguarding, Guro will be responsible for HSSE, legal, compliance, governance, and project controls. She will assume her new position in June. Announcement • Apr 11
Aker Solutions ASA Approves Dividend, Payable on April 22, 2024 Aker Solutions ASA at its annual general meeting held on April 11, 2024, approved distribution of a dividend of NOK 2.00 per share. The dividend is payable to shareholders holding shares in the company as per April 11, 2024. The shares will be traded ex-dividend on Euronext Oslo Stock Exchange from and including April 12, 2024. The dividend will be paid on April 22, 2024. Announcement • Feb 13
Aker Solutions ASA (OB:AKSO) announces an Equity Buyback for 12,500,000 shares, for NOK 500 million. Aker Solutions ASA (OB:AKSO) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares for a total of NOK 500 million. The repurchased shares will be used for the purpose of investment or for subsequent sale or deletion of such shares. The program will be valid till July 31, 2024. Announcement • Oct 30
Aker Solutions Asa Provides Revenue Guidance for 2023 Aker Solutions ASA provided revenue guidance for 2023. Based on ongoing projects and secured order backlog, the company now expects full-year 2023 revenues, excluding Subsea, to be around NOK 34 billion. Announcement • Jul 14
Aker Solutions ASA Updates Revenue Guidance for 2023 Aker Solutions ASA updated its revenue guidance and now expects revenue to increase by about 30% in 2023 over 2022 levels. Announcement • May 05
Aker Solutions ASA Provides Earnings Guidance for the Year 2023 Aker Solutions ASA provided earnings guidance for the year 2023. For the year, the company expects full-year revenue in 2023 is expected to increase by more than 15% compared to 2022. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Net income: kr254.0m (up kr1.79b from FY 2020). Revenue exceeded analyst estimates by 1.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Feb 16
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.52 (up from kr3.13 loss in FY 2020). Revenue: kr29.5b (up 3.7% from FY 2020). Net income: kr254.0m (up kr1.79b from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 3.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Board Change • Feb 01
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 04
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS kr0.21 (vs kr0.75 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr7.31b (up 33% from 3Q 2020). Net income: kr104.0m (down 49% from 3Q 2020). Profit margin: 1.4% (down from 3.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Board Change • Oct 27
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 01
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 02
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr0.12 (vs kr0.34 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr7.02b (down 20% from 2Q 2020). Net income: kr60.0m (up kr303.0m from 2Q 2020). Profit margin: 0.9% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 27
Insider recently bought kr421k worth of stock On the 20th of May, Sturla Magnus bought around 29k shares on-market at roughly kr14.50 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months. Executive Departure • Apr 20
Director has left the company On the 14th of April, Oddvar Hølland's tenure as Director ended after 4.0 years in the role. As of December 2020, Oddvar personally held only 13.94k shares (kr229k worth at the time). A total of 9 executives have left over the last 12 months. Reported Earnings • Mar 23
Full year 2020 earnings released: kr3.13 loss per share (vs kr0.49 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr28.4b (down 25% from FY 2019). Net loss: kr1.54b (down kr1.78b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 17
Head of Communications & Investor Relations has left the company On the 15th of March, Tove Røskaft's tenure in the role of Head of Communications & Investor Relations ended. We don't have any record of a personal shareholding under Tove's name. A total of 7 executives have left over the last 12 months. Reported Earnings • Feb 18
Full year 2020 earnings released: kr3.13 loss per share (vs kr0.15 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: kr29.4b (flat on FY 2019). Net loss: kr1.54b (down kr1.58b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 7.9%. Over the next year, revenue is expected to shrink by 8.6% compared to a 10% decline forecast for the Energy Services industry in the United Kingdom. Is New 90 Day High Low • Feb 18
New 90-day low: kr12.65 The company is down 4.0% from its price of kr13.16 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr19.14 per share. Is New 90 Day High Low • Dec 15
New 90-day high: kr15.93 The company is up 80% from its price of kr8.85 on 16 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr26.24 per share. Announcement • Oct 05
Aker Solutions Receives Subsea Contract for Breidablikk Aker Solutions has been awarded a contract from Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is estimated at about NOK 2.5 billion, including options. The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components. The deliveries include Aker Solutions' standard, lightweight vertical subsea trees, and Vectus, the company's next-generation subsea control system, which offers greater data and power capabilities. The work will be carried out at Aker Solutions' locations in Fornebu, Tranby, Egersund, Sandnessjøen and Ågotnes, with additional deliveries from Brazil, Malaysia and the UK. Aker Solutions booked NOK 2 billion related to the first 15 subsea trees in the second quarter of 2020 and will book NOK 0.5 billion for the additional eight subsea trees as order intake in the third quarter of 2020. Announcement • Oct 02
Aker Solutions ASA to Report Q2, 2021 Results on Jul 14, 2021 Aker Solutions ASA announced that they will report Q2, 2021 results at 7:00 AM, Central European Standard Time on Jul 14, 2021 Announcement • Jul 18
Aker Solutions ASA Appoints Kjetel Digre as Chief Executive Officer, Effective August 1, 2020 Aker Solutions and Kvaerner have agreed to merge the companies based on the principle of equal parties. Aker Solutions ASA announced that Kjetel Digre has been appointed Chief Executive Officer of Aker Solutions, effective August 1, 2020, and will lead the combined company. Digre joins from Aker BP, where he held the role of Senior Vice President of Operations and Asset Development.